Updated over 2 years ago on . Most recent reply
Newbie Intro - seeking any and all advice and comments!
Hello everyone! I have been listening off and on to the biggerpockets podcast and having "we should get into real estate" talks with my partner for about a year now. I recently picked up The Book on Rental Property Investing and we have decided we are all in!
We are currently located in GA, but my partner recently applied for a job in Illinois. Offers go out for the job in one month (end of Aug)! If all goes well, we are hoping to use this opportunity to our advantage and sell our home in GA, buy a duplex in IL, and house hack as our first rental property.
This course of action makes the most sense to me based on being new to the game, somewhat limited finances, and already going to make a big move. I would love to hear any comments and opinions from everyone here!
Most Popular Reply
#4 House Hacking Contributor
- Investor
- CO
The duplex house hack & BRRRR is my favorite! I am biased, that's how I started and eventually how I escape the corporate world.
I would recommend a place that needs work, take on as much as you feel conformable and have time for. If the place has been mismanaged, all the better, as you can raise rents sooner.
Happy investing!